Barclays analyst Benjamin Theurer upgraded Mosaic (MOS) to Equal Weight from Underweight with an unchanged price target of $27. After a volatile start to crop prices and agriculture input pricing, March started with a tariff dispute and increased uncertainty for U.S. farmers, the analyst tells investors in a research note. The firm remains cautious on the broader fertilizer group, but upgraded Mosaic to Equal Weight on valuation following the stock’s relative underperformance in the last few weeks.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MOS:
- Mosaic price target raised to $28 from $27 at RBC Capital
- Balanced Hold Rating for Mosaic Co. Amid Mixed Financial Outlook and Revised Forecasts
- Mosaic call volume above normal and directionally bullish
- Unusually active option classes on open March 3rd
- Mosaic price target lowered to $31 from $34 at Scotiabank